MetaQuotes broker Review

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If you are looking for a reliable and trustworthy broker to trade forex, CFDs, stocks, or cryptocurrencies, you might have come across MetaQuotes. MetaQuotes is a company that develops software for online trading platforms, such as MetaTrader 4 and MetaTrader 5. But is MetaQuotes also a broker? And if so, are they legit?

The answer is no, MetaQuotes is not a broker. MetaQuotes does not offer any trading services or accounts to clients. MetaQuotes only provides software solutions to brokers and traders, such as the popular MetaTrader platforms, the MQL programming language, and the Market of trading applications.

However, there are many brokers that use MetaQuotes software and offer MetaTrader platforms to their clients. These brokers are not affiliated with MetaQuotes in any way, except for licensing their software. Therefore, the quality and reputation of these brokers may vary widely, and you should do your own research before choosing one.

Some of the factors that you should consider when evaluating a broker that uses MetaTrader platforms are:

  • Regulation: Is the broker regulated by a reputable authority, such as the FCA, ASIC, CySEC, or NFA? Regulation ensures that the broker follows certain standards of security, transparency, and fair dealing with clients.
  • Fees: How much does the broker charge for spreads, commissions, swaps, and other fees? How competitive are their fees compared to other brokers in the market?
  • Execution: How fast and reliable is the broker’s order execution? Do they offer different types of execution modes, such as instant execution, market execution, or request execution? Do they have low slippage and requotes?
  • Customer service: How responsive and helpful is the broker’s customer service? Do they offer 24/7 support via phone, email, chat, or other channels? Do they have a good reputation among traders and reviewers?
  • Trading conditions: What are the broker’s trading conditions, such as leverage, margin requirements, minimum deposit, lot sizes, account types, etc.? Do they suit your trading style and goals?
  • Trading instruments: What are the trading instruments that the broker offers? Do they have a wide range of forex pairs, CFDs, stocks, indices, commodities, metals, cryptocurrencies, etc.? Do they offer exotic or niche instruments that you are interested in?
  • Trading tools: What are the trading tools that the broker offers? Do they have advanced charting features, indicators, expert advisors, scripts, signals, etc.? Do they support MQL programming and custom development? Do they have a Market of trading applications where you can buy or sell trading products?

These are some of the questions that you should ask yourself when looking for a broker that uses MetaTrader platforms. Remember that MetaQuotes is not a broker and does not endorse any broker that uses their software. You should always do your own due diligence and compare different brokers before making a decision.

MetaTrader platforms are among the most popular and widely used trading platforms in the world. They offer many advantages and features for traders of all levels and styles. However, choosing a broker that uses MetaTrader platforms is not enough to ensure a successful trading experience. You should also consider other aspects of the broker’s service and reputation before opening an account with them.

What to Do If You’ve Lost Money with MetaTrader?

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